Loews (NYSE:L) Director Ann Berman Sells 1,444 Shares

Loews Corporation (NYSE:L) Director Ann Berman sold 1,444 shares of the stock in a transaction on Monday, December 1st. The shares were sold at an average price of $108.10, for a total value of $156,096.40. Following the sale, the director owned 6,686 shares in the company, valued at approximately $722,756.60. This trade represents a 17.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Loews Price Performance

Shares of NYSE L traded down $0.08 during trading on Tuesday, reaching $106.32. The company had a trading volume of 733,119 shares, compared to its average volume of 782,145. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.43. Loews Corporation has a twelve month low of $78.98 and a twelve month high of $109.06. The stock has a 50-day moving average price of $102.08 and a two-hundred day moving average price of $95.72. The stock has a market capitalization of $21.97 billion, a PE ratio of 16.90 and a beta of 0.61.

Loews (NYSE:L) last posted its quarterly earnings data on Monday, November 3rd. The insurance provider reported $2.43 EPS for the quarter. Loews had a return on equity of 7.43% and a net margin of 7.47%.The firm had revenue of $4.67 billion during the quarter.

Loews Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 9th. Stockholders of record on Wednesday, November 26th will be issued a dividend of $0.0625 per share. The ex-dividend date is Wednesday, November 26th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.2%. Loews’s payout ratio is 3.62%.

Institutional Trading of Loews

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hancock Whitney Corp increased its position in Loews by 3.9% during the third quarter. Hancock Whitney Corp now owns 2,618 shares of the insurance provider’s stock worth $263,000 after purchasing an additional 98 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Loews by 6.9% in the 3rd quarter. Versant Capital Management Inc now owns 1,606 shares of the insurance provider’s stock worth $161,000 after acquiring an additional 104 shares during the period. Moody Lynn & Lieberson LLC boosted its stake in shares of Loews by 2.9% in the third quarter. Moody Lynn & Lieberson LLC now owns 3,678 shares of the insurance provider’s stock valued at $369,000 after purchasing an additional 105 shares during the period. Trustmark Bank Trust Department grew its stake in shares of Loews by 0.7% during the second quarter. Trustmark Bank Trust Department now owns 16,263 shares of the insurance provider’s stock valued at $1,491,000 after acquiring an additional 115 shares in the last quarter. Finally, Wedmont Private Capital grew its stake in Loews by 3.8% during the 3rd quarter. Wedmont Private Capital now owns 3,291 shares of the insurance provider’s stock valued at $339,000 after purchasing an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 58.33% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (a-)” rating on shares of Loews in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company has a consensus rating of “Strong Buy”.

About Loews

Loews Corporation provides commercial property and casualty insurance in the United States and internationally. The company offers specialty insurance products, such as management and professional liability, and other coverage products; surety and fidelity bonds; property insurance products that include standard and excess property, marine and boiler, and machinery coverages; and casualty insurance products, such as workers' compensation, general and product liability, and commercial auto, surplus, and umbrella coverages.